Informations Rapides ·
31 August 2022 · n° 230
In Q2 2022, services producer prices sped up strongly: +2.2% over a quarter and +5.0%
over a year Services producer price indices - second quarter 2022
In the second quarter of 2022, producer prices of services sped up strongly over a quarter (+2.2% after +0.6%), as over a year (+5.0% after +3.6%). There are the largest increases in available data since the first quarter of 2006. Prices accelerated both for services sold to home businesses (+1.9% after +0.6%), to households in France (+2.4% after +0.5%) or on foreign markets (+3.6% after +1.3%).
- All markets: +2.2%
- Services sold to home businesses: +1.9%
- Acceleration of prices for transportation and storage services, for administrative and support service activities and for professional, scientific and technical activities
- Rise of prices for accommodation and food service activities and for information and communication services
- Deceleration of prices for real estate activities over a quarter
- Services sold to households in France: +2.4%
- Services sold on foreign markets: +3.6%
- The variation of producer price index for services sold to all markets in the first quarter of 2022 was unchanged (after rounding): it stands at +0.6%
- For further information
tableauProducer price indices for all services
| Export | Home businesses | Households in France | All markets | |
|---|---|---|---|---|
| 2022-Q2 | 124.0 | 109.2 | 108.7 | 110.8 |
| 2022-Q1 | 119.7 | 107.2 | 106.2 | 108.4 |
| 2021-Q4 | 118.2 | 106.6 | 105.7 | 107.7 |
| 2021-Q3 | 116.3 | 105.7 | 106.6 | 107.2 |
| 2021-Q2 | 110.0 | 105.1 | 104.3 | 105.5 |
| 2021-Q1 | 106.3 | 104.7 | 103.5 | 104.6 |
| 2020-Q4 | 102.6 | 104.6 | 103.4 | 104.1 |
| 2020-Q3 | 101.6 | 104.6 | 104.7 | 104.3 |
| 2020-Q2 | 102.1 | 104.3 | 103.1 | 103.7 |
| 2020-Q1 | 101.2 | 104.4 | 103.2 | 103.7 |
| 2019-Q4 | 101.0 | 104.2 | 103.4 | 103.6 |
| 2019-Q3 | 101.4 | 103.8 | 105.1 | 103.9 |
| 2019-Q2 | 100.4 | 103.6 | 103.0 | 103.1 |
| 2019-Q1 | 99.2 | 102.7 | 102.2 | 102.2 |
| 2018-Q4 | 99.8 | 102.6 | 101.8 | 102.1 |
| 2018-Q3 | 100.3 | 102.4 | 104.2 | 102.7 |
| 2018-Q2 | 99.2 | 102.2 | 102.3 | 101.9 |
| 2018-Q1 | 98.6 | 101.5 | 101.8 | 101.3 |
| 2017-Q4 | 98.9 | 101.6 | 101.1 | 101.2 |
| 2017-Q3 | 99.4 | 100.9 | 102.8 | 101.2 |
| 2017-Q2 | 99.7 | 101.0 | 101.0 | 100.9 |
| 2017-Q1 | 99.2 | 100.6 | 100.7 | 100.5 |
| 2016-Q4 | 99.3 | 100.8 | 100.2 | 100.5 |
| 2016-Q3 | 99.3 | 100.5 | 101.6 | 100.7 |
| 2016-Q2 | 98.5 | 100.6 | 100.0 | 100.3 |
| 2016-Q1 | 98.4 | 100.2 | 99.7 | 99.9 |
| 2015-Q4 | 99.5 | 100.4 | 99.5 | 100.0 |
| 2015-Q3 | 100.7 | 100.1 | 101.6 | 100.5 |
| 2015-Q2 | 99.8 | 99.9 | 99.6 | 99.9 |
| 2015-Q1 | 100.0 | 99.7 | 99.3 | 99.6 |
graphiqueProducer price indices for all services
- Source: INSEE
All markets: +2.2%
In the second quarter of 2022, producer prices of services sped up strongly over a quarter (+2.2% after +0.6%), as over a year (+5.0% after +3.6%). There are the largest increases in available data since the first quarter of 2006. Prices accelerated both for services sold to home businesses (+1.9% after +0.6%), to households in France (+2.4% after +0.5%) or on foreign markets (+3.6% after +1.3%).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 110.8 | 2.2 | 5.0 |
| H : transportation and storage services | 194 | 128.2 | 5.2 | 13.1 |
| I : accommodation and food service activities | 103 | 110.4 | 2.8 | 5.6 |
| J : information and communication services | 201 | 101.0 | 0.9 | 1.0 |
| L : real estate activities | 136 | 108.3 | 0.8 | 2.3 |
| M : professional, scientific and technical activities | 191 | 107.4 | 1.0 | 2.8 |
| N : administrative and support service activities | 166 | 108.6 | 1.8 | 4.0 |
- *BtoAll: business to all
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold to home businesses: +1.9%
In the second quarter of 2022, producer prices of services sold to home businesses accelerated sharply over a quarter (+1.9% after +0.6%) and over a year (+3.9% after +2.4%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 109.2 | 1.9 | 3.9 |
| H : transportation and storage services | 193 | 119.6 | 3.5 | 8.2 |
| I : accommodation and food service activities | 46 | 107.3 | 4.8 | 7.3 |
| J : information and communication services | 233 | 101.4 | 1.0 | 1.1 |
| L : real estate activities | 95 | 114.6 | 1.1 | 3.7 |
| M : professional, scientific and technical activities | 214 | 106.6 | 1.1 | 2.4 |
| N : administrative and support service activities | 211 | 108.9 | 1.7 | 3.6 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Acceleration of prices for transportation and storage services, for administrative and support service activities and for professional, scientific and technical activities
In the second quarter of 2022, prices for transportation and storage services sped up strongly over a quarter (+3.5% after +0.9%) and over a year (+8.2% after +5.1%). They were driven by a new acceleration of prices for freight transport services by road (+4.8% over a quarter, after +3.3% and +1.5%) in a context of rising fuel prices and strong recruitment difficulties.
Prices for administrative and support service activities sped up in the second quarter of 2022, both over a quarter (+1.7% after +0.9%) and over a year (+3.6% after +2.1%). Prices for temporary employment agency services were back on the rise over a quarter (+1.6% after +0.1%), while those for rental and leasing services remained relatively dynamic (+1.6% after +2.0%).
Prices for professional, scientific and technical activities sped up also in the second quarter of 2022 over a quarter (+1.1% after +0.4%), notably those for legal services (+2.4% after +0.5%). Prices for media representation services rebounded in accordance with the usual seasonal pattern (+15.5% after –8.6%). Year on year, prices for professional, scientific and technical activities accelerated again (+2.4%, after +1.4% and +1.1%).
Rise of prices for accommodation and food service activities and for information and communication services
In the second quarter of 2022, prices for accommodation and food service activities were strongly back on the rise over a quarter (+4.8% after –0.1%), mainly due to the significant rebound of those for hotel and similar accommodation services (+17.7% after –4.1%), notably as a result of a strong recovery in demand. Year on year, prices for accommodation and food service activities sped up sharply (+7.3% after +3.6%).
In the second quarter of 2022, prices for information and communication services went up by 1.0% over a quarter (after –0.1%): those for programming and broadcasting services rebounded in accordance with the usual seasonal pattern (+11.1% after –10.1%), while those for computer consultancy services decelerated (+0.6% after +2.2%). Year on year, prices for information and communication accelerated (+1.1% after +0.5%).
Deceleration of prices for real estate activities over a quarter
In the second quarter of 2022, prices for real estate activities decelerated over a quarter (+1.1% after +1.9%), but sped up over a year (+3.7% after +3.1%).
tableauProducer price indices of services sold to French businesses
| H: transp. and storage | I: accommod. and food | J: info. and comm. | L: real estate act. | M: prof., scient. and tech. | N: adm. and support | |
|---|---|---|---|---|---|---|
| 2022-Q2 | 119.6 | 107.3 | 101.4 | 114.6 | 106.6 | 108.9 |
| 2022-Q1 | 115.5 | 102.4 | 100.4 | 113.4 | 105.4 | 107.1 |
| 2021-Q4 | 114.5 | 102.5 | 100.5 | 111.3 | 105.0 | 106.1 |
| 2021-Q3 | 113.7 | 102.5 | 99.4 | 110.4 | 103.9 | 105.6 |
| 2021-Q2 | 110.5 | 100.0 | 100.3 | 110.5 | 104.1 | 105.1 |
| 2021-Q1 | 109.9 | 98.8 | 99.9 | 110.0 | 103.9 | 104.9 |
| 2020-Q4 | 108.5 | 98.8 | 100.6 | 110.7 | 103.9 | 104.1 |
| 2020-Q3 | 108.6 | 100.9 | 100.1 | 111.6 | 103.2 | 104.5 |
| 2020-Q2 | 108.9 | 98.9 | 99.9 | 109.7 | 103.4 | 103.9 |
| 2020-Q1 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2019-Q4 | 106.8 | 102.0 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2019-Q3 | 107.0 | 101.8 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q2 | 106.8 | 102.5 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q1 | 105.5 | 99.6 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2018-Q4 | 104.9 | 100.1 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2018-Q3 | 105.1 | 99.5 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q2 | 104.1 | 100.8 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q1 | 102.6 | 99.1 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2017-Q4 | 102.1 | 99.6 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2017-Q3 | 101.5 | 98.0 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q2 | 101.2 | 99.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q1 | 100.7 | 97.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2016-Q4 | 100.3 | 98.5 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2016-Q3 | 100.4 | 97.9 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q2 | 99.8 | 100.0 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q1 | 99.4 | 97.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2015-Q4 | 99.6 | 98.2 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2015-Q3 | 100.4 | 104.2 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q2 | 100.4 | 98.9 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q1 | 99.6 | 98.7 | 99.6 | 100.2 | 99.4 | 99.9 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: +2.4%
In the second quarter of 2022, producer prices of services sold to households in France accelerated over a quarter (+2.4% after +0.5%), mainly due to the strong rebound of prices for transportation and storage services (+8.8% after –1.5%) and to the acceleration of those for accommodation and food service activities (+1.8% after +1.6%). Prices for real estate activities were back on the rise (+0.6% after +0.1%) and those for administrative and support service activities accelerated (+2.5% after +0.3%). Prices for professional, scientific and technical activities decelerated (+0.8% after +1.8%), as did those for information and communication services (+0.2% after +0.5%). Year on year, the rise of producer prices of services sold to households in France amplified again, reaching +4.2% in the second quarter of 2022 (after +2.6% and +2.2%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 108.7 | 2.4 | 4.2 |
| H : transportation and storage services | 160 | 118.2 | 8.8 | 11.7 |
| I : accommodation and food service activities | 284 | 111.6 | 1.8 | 4.8 |
| J : information and communication services | 133 | 101.8 | 0.2 | 0.2 |
| L : real estate activities | 294 | 103.0 | 0.6 | 1.0 |
| M : professional, scientific and technical activities | 78 | 117.5 | 0.8 | 6.1 |
| N : administrative and support service activities | 37 | 102.0 | 2.5 | 3.8 |
- *BtoC: business to consumer
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold on foreign markets: +3.6%
In the second quarter of 2022, exported services producer prices accelerated over a quarter (+3.6% after +1.3%). Those for transportation and storage services sped up sharply (+6.4% after +2.1%), notably those for sea and coastal freight water transport services (+6.6% after +3.4%) and, to a lesser extent, those for freight transport services by road (+4.0% after +3.4%). Prices for administrative and support service activities accelerated sharply (+2.7% after +1.7%). Those for information and communication services rebounded (+1.6% after –0.4%), while those for professional, scientific and technical activities went up again (+1.0% after +0.8%). Year on year, exported services producer prices remained on a very strong rise (+12.7% after +12.6%).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 124.0 | 3.6 | 12.7 |
| H : transportation and storage services | 279 | 173.9 | 6.4 | 29.4 |
| J : information and communication services | 183 | 96.6 | 1.6 | 2.2 |
| M : professional, scientific and technical activities | 323 | 104.7 | 1.0 | 2.2 |
| N : administrative and support service activities | 205 | 111.1 | 2.7 | 7.3 |
- *BtoE: business to exports
- The sectors I "Accommodation and food services", L "Real estate activities" and S "Other services" are not displayed due to their low economics weights.
- Source: INSEE
The variation of producer price index for services sold to all markets in the first quarter of 2022 was unchanged (after rounding): it stands at +0.6%
tableauRevision of variations
| Services producer price indices | 2021Q3/ 2021Q2 | 2021Q4/ 2021Q3 | 2022Q1/ 2021Q4 |
|---|---|---|---|
| - services sold to all markets (BtoAll) | +0.1 | -0.1 | // |
| - services sold to home businesses (BtoB) | // | // | +0.1 |
| - services sold to households in France (BtoC) | -0.1 | // | // |
| - exported services (BtoE) | +0.1 | +0.1 | // |
- //: unrevised evolution (after rounding)
- How to read it: the variation of the producer prices of services sold to home businesses between the fourth quarter of 2021 and the first quarter of 2022 has been revised by +0.1 point: published in May 2022 equal to +0.5%, it has been updated to +0.6%.
For further information
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1640/description
Next publication: 30 November 2022 at 12.00 p.m.
Pour en savoir plus
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1640/description
Next publication: 30 November 2022 at 12.00 p.m.